 |
| English | German |
| contra account | Wertberichtigungskonto (An account used to reduce an asset or a liability to its current value) |
| contra asset An account that is used to reduce the gross cost of an asset to then arrive at the net cost | Wertberichtigung (Aktiva) |
| contra liability An account that is used to reduce a liability to arrive at its carrying value | Wertberichtigung (Passiva) |